Second Parcel

[Gregory A Hicks]

Don't they already have a report like the above? If they do there will be 3 versions of the report out there. 2 of them identical with the exception of the report date

Yes that’s what I told them, they can simply use the original.

 

[Dublin ohio]

Yes that’s what I told them, they can simply use the original.

The third report would have been more of a "reversion" as opposed to a "revision".

 

[TerryRohrer]

Yes that’s what I told them, they can simply use the original.

I would start talking in terms of additional fees, like a second "whole" fee. That tends to crystalize (or start) their thinking and they usually figure out what to do for themselves when you won't donate to their cause!

 

[J Grant]

Yes back to only one parcel on the report removing all the verbiage on the second.

Annoying, but you can comment that the verbiage regarding a second parcel no longer applies ( and explain)
or ask them to issue it as a new assignment because regardless of the fact that in FHA the second parcel receives no value, your client keeps changing the physical components of the subject -

 

[Dublin ohio]

Annoying, but you can comment that the verbiage regarding a second parcel no longer applies

But they already have a report without the second parcel. I would never issue 2 identical reports with same effective date and 2 different report dates, Why would you.

 

[J Grant]

But they already have a report without the second parcel. I would never issue 2 identical reports with same effective date and 2 different report dates, Why would you.

The reports will not be identical - the second report will disclose that there was a change on X date when client wanted the second parel included, now that has been removed.

However, it seems cleaner if the client just issued it as new assignment - which should have happened the first time when they wanted a second parcel included -

 

[J Grant]

Perhaps they can not simply use th original because it is on record that there already was a change with the addition of a parcel

The client sounds like an A** and they are trying to get free work done - this should be a new assignment, ideally, but it should have been a new assignment the first time they changed the physical characteristic of a property to include a second lot ( regardless that the value stayed the same due to the FHA HC of not including the second lot value )

 

[Dublin ohio]

The reports will not be identical - the second report will disclose that there was a change on X date when client wanted the second parel included, now that has been removed.

However, it seems cleaner if the client just issued it as new assignment - which should have happened the first time when they wanted a second parcel included -

They already have a report with only one parcel. If the OP issues a third report with only the one parcel. They will be identical except for the report date.

 

[Dublin ohio]

Perhaps they can not simply use th original because it is on record that there already was a change with the addition of a parcel

It is an FHA report. If the lender has not uploaded an appraisal to the portal. It should not be an issue

 

[J Grant]

They already have a report with only one parcel. If the OP issues a third report with only the one parcel. They will be identical except for the report date.

In addition to a new report date, the reports should not be identical. There was a change made of a parcel added to the appraisal and then later removed - thus a new third report date - that should be disclosed IMO.